50 Céntimos Campanario

Campanario is a small municipality in the province of Badajoz, Extremadura, and like hundreds of similar towns across Republican Spain, its municipal council began issuing emergency fractional currency in 1936 after the outbreak of the Civil War drained metallic coin from local circulation almost immediately. These hyper-local emissions were authorized under a loose framework that gave ayuntamientos and consejos broad latitude — which is why surviving examples vary so widely in print quality, paper stock, and signing authority even within a single municipality's run.

The Gari Monovar catalogue reference places this squarely within the documented Extremaduran local issues, though Campanario's emissions are among the scarcer ones from Badajoz province.